Answer to Question #333020 in Management for Hari

Question

Q1. Mr. Menon is 38 yrs old who is a businessman. He wishes to create pool of savings for his 5yrs old daughter as a financial cover in case of any mishappening. Given the current Covid 19 situation, his business has not been doing well and he is not sure about where to invest his money. Keeping his current financial situation into mind:

 

a) Explain which insurance policy would you suggest him for his 5year old daughter and why?

 

b) What are the other lucrative investment options you would suggest him for a better return? Discuss.